$962bn euro-bailout to calm financial markets but for how long? « ArabianMoney
European policy makers have rolled out an unprecedented $962 billion loan package and a program of bond purchases, encouraged by US President Obama as they rally a global effort to halt the sovereign-debt crisis enveloping the euro.
Details are not yet available about the bond market intervention. But last week’s slide in the euro, and widening bond spreads in Spain and Portugal has brought the huge financial package worth almost a trillion dollars.
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